BE ALERT: OFW LOSES 200,000 IN AN ATM SCAM! KNOW THE TYPES OF ATM FRAUD!

Talking about convenient, We always depend on the most easiest and hassle free way to do any transaction.

Mostly Overseas Filipino Workers or OFW send their hard earned money thru Bank Accounts of their love ones and will be withdrawn easily by their recipient not less than 24 hours.But, facing the fact that there are certain people who are just earning by doing something against the law.Just like a case of a 47 year-old OFW who became victim of automated teller machine (ATM) scam in Cebu City.Eniel Ybañez, a resident of Barangay Lutopan in Toledo City, said he discovered on Saturday that P200,000 was missing from his ATM account.

He just discovered that someone made an authorization withdrawals when he checked his bank account.

The P200,000 is a part of his P278,000 savings while working at Qatar for two years and just went home last May,as construction worker.

The last time he withdraw from his ATM was on November 11 at the South General Hospital in Naga City when he only took P4,000.

They said, "It is better to be safe than sorry." This is really true most especially in our hard-earned money or income. What happens to Eniel Ybañez of Cebu is some kind of ATM fraud when the fraudster took his money from his ATM account, of course, without his knowledge.

Using ATM is one of the most convenient ways of handling our money, but we should also take important security measure to avoid being a victim of fraud.

This might serve a lesson for every one to secure all private information and be alert if this might happen to you.Here are different kinds of ATM fraud we should be aware!

1. ATM Card Skimming

The card reader is installed in the right part of the ATM's card slot. The reader can capture the data in the magnetic strip of the card.

Once you insert your ATM card, data will automatically be captured. This scam is more popular in credit card because criminals can gain more compared to ATM cards.2. Salisi Gang

Also known as “Ipit Gang” or “Laglag Barya Gang”. Known to be common when there is a long line of cardholders at the ATM or during paydays.

normal;">When cash is being dispensed by the ATM, a member of a gang will drop coins and ask help from the cardholder.

When a cardholder tries to help by picking up the bills, another gang member will immediately get the cash waiting at the cash out shutter and then flee as fast as he can.

3. Cash Trapping

Cash trapping is done by the group called “Ruler Gang”.

A member of the gang will install a specially fabricated “ruler” device onto the cashout shutter of the ATM and leaves it there. This device looks exactly like the cash out shutter of the machine. When an unsuspecting cardholder tries to withdraw, the cash will be trapped inside.

When the cardholder leaves thinking there is a problem with the machine, the gang will remove the device with the cash still glued on it using their special prying tool.4. Fake assistance

Be careful when someone is offering a help especially inside the ATM both. This is may be another ATM fraud targeting elderly and those new in having ATM cards.

When the suspects spotted their victim, they will appear to be very helpful and offer assistance, but in reality, they are memorizing the card number and your PIN.